Bank Asks Court To Hear Dispute Over NJ Pol's Cash Claim

Law360, New York (April 8, 2013, 8:19 PM EDT) -- Provident Bank wants a New Jersey court to resolve a $300,000 wire transfer dispute between Assemblyman Robert Schroeder and a business associate who allegedly grabbed the funds after Schroeder was charged with defrauding creditors out of $5.3 million through stolen loans and bad checks.

Two weeks after Schroeder's indictment on Dec. 21, Dinis DeAlmeida transferred the money from the account of one of the lawmaker's companies, government contractor All Points International Distributors Inc., to the account of LDA Corp., according to the interpleader complaint that Provident...